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Nvidia price target raised to $207 from $145 at JPMorgan

JPMorgan analyst Harlan Sur raised his price target for Nvidia to $207 saying Gaming demand and Data Center growth reacceleration drove strong October quarter results. The analyst views the guidance as conservative and keeps a Neutral rating on the shares.

NVDANvidia

$205.32

-3.84 (-1.84%)

11/10/17

JEFF

11/10/17NO CHANGETarget $240JEFFBuy

Nvidia price target raised to $240 from $230 at Jefferies

Jefferies analyst Mark Lipacis raised his price target for Nvidia shares to $240 and reiterates a Buy rating on the shares citing the better than expected October quarter. The analyst expects continued growth in the company's core businesses over the next 12-18 months.

11/10/17

DBAB

11/10/17NO CHANGETarget $205DBABHold

Nvidia price target raised to $205 from $190 at Deutsche Bank

Deutsche Bank analyst Ross Seymore raised his price target for Nvidia to $205 saying better Gaming and Datacenter sales drove another "strong beat/raise" quarter last night. He gives Nvidia "credit for firing on all cylinders," but continues to view the valuation as full at current share levels. The analyst keeps a Hold rating on the stock.

11/10/17

SBSH

11/10/17NO CHANGETarget $240SBSHBuy

Nvidia price target raised to $240 from $210 at Citi

Citi analyst Atif Malik raised his price target for Nvidia shares to $240 to reflect higher gaming sales and better gross margins post last night's October quarter results. The chipmaker in pre-market trading is up 3%, or $7.14, to $212.46. More than 1,200 companies including, all major server manufacturers and cloud providers, are now using Nvidia's inference platform, which far exceeded expectations, Malik tells investors in a post-earnings research note. He thinks a strong inferencing pipeline bodes well for continued data center growth next year supported by gaming and auto sales growth. The analyst keeps a Buy rating on Nvidia shares.

Commenting on reports that Raja Koduri, the head of AMD's (AMD) Radeon Technologies Group, is leaving the company and speculation that he would join Intel (INTC), Stifel analyst Kevin Cassidy said that, if true, this news points toward Intel working to build a stronger GPU and general purpose parallel processor to compete with Nvidia (NVDA). The analyst, who said "Intel is clearly not going to let Nvidia run away with the AI market," views Intel's developing strategy as positive for AMD too.